IOST just got absolutely obliterated — down 39.5% on 3.89x normal volume. When volume explodes like that during a dump, it's not just panic, it's distribution. 📉
The wild part? Daily chart still shows an uptrend with RSI at 49.8 (neutral). The daily SMAs are stacked bullishly: 7D ($0.000967) > 25D ($0.000692) > 99D ($0.000693). So this dump hasn't broken the daily structure yet.
But the 4H tells a different story — price crashed through the 4H 25-period SMA ($0.001070) and is testing it from below. This is the critical battleground.
📋 Trade Plan (SHORT):
• Entry: $0.000923 - $0.001219
• SL: $0.001662 (above the crash zone)
• TP1: $0.000896 | TP2: $0.000868 | TP3: $0.000831
Wide entry range because volatility is extreme. If daily support at $0.000967 breaks, the next leg down could be violent.
Did anyone catch the top on this? Or did this dump come out of nowhere? 💬
#IOST #CryptoTrading #DYOR
📌 Not financial advice. Extreme volatility requires smaller position sizes.
The wild part? Daily chart still shows an uptrend with RSI at 49.8 (neutral). The daily SMAs are stacked bullishly: 7D ($0.000967) > 25D ($0.000692) > 99D ($0.000693). So this dump hasn't broken the daily structure yet.
But the 4H tells a different story — price crashed through the 4H 25-period SMA ($0.001070) and is testing it from below. This is the critical battleground.
📋 Trade Plan (SHORT):
• Entry: $0.000923 - $0.001219
• SL: $0.001662 (above the crash zone)
• TP1: $0.000896 | TP2: $0.000868 | TP3: $0.000831
Wide entry range because volatility is extreme. If daily support at $0.000967 breaks, the next leg down could be violent.
Did anyone catch the top on this? Or did this dump come out of nowhere? 💬
#IOST #CryptoTrading #DYOR
📌 Not financial advice. Extreme volatility requires smaller position sizes.